LGI Homes

LGI Homes, Inc. engages in the design, construction, marketing, and sale of new homes. It focuses on residential land development business. It operates through the following segments: Central, West, Southeast, Florida,Midwest, Mid-Atlantic and Northwest. The company was founded by Eric Thomas Lipar in 2003 and is headquartered in The Woodlands, TX.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

LGI Homes excels in Q2 2024, eyes growth amidst cost challenges

LGI Homes delivered strong financial performance in Q2 2024, with notable revenue growth, margin improvement, and earnings per share increase.
The company's focus on customer value, employee recognition, and growth targets positions it well for future expansion and profitability.
While challenges related to affordability persist, LGI Homes is poised to capitalize on opportunities through strategic initiatives and market differentiation.

LGI Homes posts strong Q3 results, boosts margins, eyes growth

LGI Homes demonstrated robust financial performance, operational efficiency, and market expansion in Q3 2024, underpinned by improved margins and profitability.
While facing challenges in debt management and market uncertainties, the company's strengths in trustworthiness, financial flexibility, and margin guidance offer a solid foundation for future growth.
By capitalizing on opportunities in housing demand, strategic investments, and technology integration, LGI Homes can navigate challenges and drive sustainable growth in a competitive market landscape.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

LGI Homes, Inc. engages in the design, construction, marketing, and sale of new homes. It focuses on the residential land development business. It operates through the following segments: Central, West, Southeast, Florida, Midwest, Mid-Atlantic, and Northwest. The company was founded by Eric Thomas Lipar in 2003 and is headquartered in The Woodlands, TX.

LGI Homes (LGIH) came out with quarterly earnings of $2.84 per share, beating the Zacks Consensus Estimate of $1.96 per share. This compares to earnings of $3.85 per share a year ago.

LGI Homes (LGIH) Beats Q3 Earnings and Revenue Estimates

THE WOODLANDS, Texas, Oct. 31, 2023 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced financial results for the third quarter and nine months ended September 30, 2023. Third Quarter 2023 Highlights Net Income of $67.0 million, or $2.85 Basic EPS and $2.84 Diluted EPS Net Income Before Income Taxes of $89.4 million Home Sales Revenues of $617.5 million Home Closings of 1,751 Average Sales Price per Home Closed of $352,678 Gross Margin as a Percentage of Homes Sales Revenues of 25.7% Adjusted Gross Margin* as a Percentage of Home Sales Revenues of 27.2% Nine Months Ended September 30, 2023 Highlights Net Income of $147.1 million, or $6.24 Basic EPS and $6.21 Diluted EPS Net Income Before Income Taxes of $193.2 million Home Sales Revenues of $1.8 billion Home Closings of 4,971 Average Sales Price per Home Closed of $352,075 Gross Margin as a Percentage of Homes Sales Revenues of 22.8% Adjusted Gross Margin* as a Percentage of Home Sales Revenues of 24.5%   Active Selling Communities at September 30, 2023 of 106 Net Orders of 5,646 Ending Backlog at September 30, 2023 of 1,377 homes valued at $509.9 million Total Owned and Controlled Lots at September 30, 2023 of 72,109 *Non-GAAP Please see “ Non-GAAP Measures ” for a reconciliation of Adjusted Gross Margin (a non-GAAP measure) to Gross Margin, the most directly comparable GAAP measure.

LGI Homes Reports Third Quarter 2023 Results and Updates Full Year 2023 Guidance

LGI Homes (LGIH) introduces a new four-home community with spacious one- and two-story floor plans in Yukon, OK. The prices start in the $270s with move-in ready, upgraded homes available now.

LGI Homes (LGIH) Boosts Oklahoma Presence With New Community

THE WOODLANDS, Texas, Oct. 04, 2023 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 540 homes in September 2023, and a total of 1,751 homes closed during the third quarter of 2023, a 13.2% increase over the third quarter of 2022. As of September 30, 2023, the Company had 106 active selling communities.

LGI Homes Reports September and Third Quarter Home Closings and Announces Date for Third Quarter Earnings Conference Call

EAGLE MOUNTAIN, Utah, Oct. 02, 2023 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH), a leading homebuilder known for its commitment to quality, affordability, and exceptional customer service, is excited to announce the opening of its newest community, Oquirrh Mountain Ranch, in the Salt Lake City market. This marks a significant milestone for LGI Homes as it becomes the company's 21st state of operation and the first community in the state of Utah.

LGI Homes Opens First Community in Utah

HILLIARD, Fla., Sept. 26, 2023 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH), is proud to unveil its latest offering in exquisite living with the introduction of two new, highly anticipated floor plans at Southern Pines, the Kennesaw and the Tallulah. Located just north of Jacksonville, FL, within the picturesque landscapes of Hilliard, this remarkable neighborhood brings together the perfect blend of modern living and serene natural surroundings. Every home at Southern Pines is located on a spacious homesite, each over 1-acre of land, providing residents with ample space for both relaxation and recreation.

Terrata Homes Unveils Two New Floor Plans at Southern Pines

LGI Homes' (LGIH) brand, Terrata Homes, puts up a five-home community with state-of-the-art features for sale, with prices starting in the $670s.

LGI Homes' (LGIH) Terrata Homes Lists Latest Community for Sale

Take Advantage of Move-in Ready Inventory During the Make Your Move National Sales Event Take Advantage of Move-in Ready Inventory During the Make Your Move National Sales Event

LGI Homes Commences its Premier Sales Event of the Year

HUDSON, Fla., Sept. 18, 2023 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) announced Terrata Homes is now selling its newest community in the Tampa, FL. market, Bella Terra. This brand-new neighborhood offers homebuyers a variety of new, estate homes with spacious layouts and high-end interior finishes, all situated on at least 2-acres.

LGI Homes Expands Terrata Homes Presence with the Opening of Bella Terra in the Tampa Market

THE WOODLANDS, Texas, Sept. 12, 2023 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced that it has been recognized on Newsweek's inaugural list of the World's Most Trustworthy Companies 2023.

LGI Homes Named to Newsweek's Inaugural List of the World's Most Trustworthy Companies

THE WOODLANDS, Texas, Sept. 06, 2023 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 624 homes in August 2023, up from 504 homes closed in August 2022, representing year-over-year growth of 23.8%.

LGI Homes, Inc. Reports August 2023 Home Closings

Amid rebounding demand for commercial real estate, LGI Homes (LGIH) introduces a new community in Greenville, TX, with prices starting from the $260s.

LGI Homes (LGIH) Unveils New Six-Home Community in Texas

GREENVILLE, Texas, Aug. 31, 2023 (GLOBE NEWSWIRE) -- LGI Homes, Inc (NASDAQ: LGIH) is thrilled to announce the grand opening of its newest community, Delano Estates, located in the charming town of Greenville, Texas. This remarkable community offers stunning new construction homes starting in the $260s.

LGI Homes Introduces New Community in Dallas Market

LGI Homes (LGIH) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.

Here's Why LGI Homes (LGIH) Looks Ripe for Bottom Fishing

SACRAMENTO, Calif., Aug. 28, 2023 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) announces the grand opening of Velare at Twelve Bridges, a new community located in Lincoln near exceptional schools, major employers, medical care, and other incredible area attractions.

LGI Homes Announces Opening of New Community in Master-Planned Community near Sacramento

LGI Homes (LGIH) introduces its third community in Bakersfield, CA, with prices starting from the $360s and the availability of quick move-in opportunities.

LGI Homes (LGIH) Introduces its Third Community in California

BAKERSFIELD, Calif., Aug. 24, 2023 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced the grand opening of its third community in the Bakersfield, California market, Harvest Grove. This new community is in a premier location and offers a variety of single-family homes outfitted with incredible, included upgrades.

LGI Homes Opens New Community in the Bakersfield Market

SACRAMENTO, Calif., Aug. 22, 2023 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced the opening of a new community in the Sacramento, California market, Dantoni Ranch. Homeowners will enjoy the charm of countryside living paired with quick and convenient access to incredible big-city amenities.

LGI Homes Announces its Newest Community in the Sacramento Market

D.R. Horton

Lennar

PulteGroup

Toll Brothers

While some believe homebuilder stocks still have room to run, I personally see signs of an imminent slowdown and break in momentum. If we look at the SPDR Homebuilders ETF (NYSEARCA: XHB ), we can see a nasty drop that could usher in more meaningful declines in the months ahead.

6 Reasons It's Time to Get Bearish on Homebuilder Stocks

LGI Homes (LGIH) introduces a new 25-single-family home community in Spanaway, WA, with prices starting from the $520s.

LGI Homes (LGIH) Unveils New 25-Home Community in Washington

Forestar Group

Healthy demand for trending real-estate property types and digital transformations to drive operational resiliency poise Real Estate Development industry players like LGIH and FOR well for growth.

2 Top Picks From the Rebounding Real Estate Development Industry

KB Home

The concept of homeownership is as deeply ingrained in our society's needs as shopping for groceries or going to the doctor. We all have a desire to buy or build our own home at some point in our life to live with our family.

The 3 Most Undervalued Homebuilder Stocks to Buy Now: August 2023

TACOMA, Wash., Aug. 17, 2023 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) announces the opening of its newest community in Spanaway, Washington. Whitmore offers homebuyers affordable, upgraded homes in an exceptional location near the city centers of Tacoma and Seattle.

LGI Homes Introduces Whitmore, a Brand-New Community in the Tacoma Market

MINNEAPOLIS, Aug. 15, 2023 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced the opening of a brand-new community in the Minneapolis, Minnesota market, Summerfield.

LGI Homes Opens New Community in the Minneapolis Market

CHARLOTTE, N.C., Aug. 10, 2023 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) is thrilled to announce the launch of its newest community, Stagecoach Station, in the Charlotte market. Showcasing an array of carefully designed, move-in ready homes with three- and four-bedrooms, LGI presents a unique opportunity for homebuyers to purchase an affordable, upgraded home in a convenient location.

News for LGI Homes Stock (LGIH)